Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein […]

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Mardi Gras on ice

For more than an hour I watched half-naked revelers jump into the 34° waters of Leech Lake. Some held hands, and others did backflips; […]

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Bank failure tally reaches 140

Banks in six U.S. states were closed Friday, bringing the total number of failed banks this year to 140, at a cost of over […]

Unemployment claims rise unexpectedly

The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday. Analysts had expected a decline.
There were 480,000 initial […]

Geist: Record industry faces liability over `infringement’

Chet Baker was a leading jazz musician in the 1950s, playing trumpet and providing vocals. Baker died in 1988, yet he is about to add […]

Australia’s Services Industry Index Drops From 19-Month High

Australia’s services industry grew in November at a slower pace as companies reported weaker sales and new orders.
The performance of services index fell […]

Leaders from Google, others to attend White House summit

Leaders from top U.S. companies including Google , AT&T, Disney and FedEx will attend a jobs summit on December 3 at the White House, […]

KPMG to represent Dubai’s creditor banks: report

Banks who lent over $30 billion to Dubai World, the debt-laden state investment group, plan to appoint auditors KPMG to represent them in talks […]

Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP

The Federal Reserve asked nine of the U.S. banks that were part of this year’s stress tests to submit plans for repaying the government’s […]

CVS plunges after bleak pharmacy benefits view

CVS Caremark Corp said its pharmacy benefits management business lost $4.8 billion in contracts heading into next year and will not meet its targets […]